Andy Haldane - Bank of England


Last quote by Andy Haldane

I am reasonably confident that the pick-up in investment and exports will roughly balance the consumer
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Jul 04 2017
In this page, you will find a list of 31 quotes from Andy Haldane, from different articles. We analyzed 17 articles in which Andy Haldane has been quoted in topics like UK and Monetary Policy Committee. Andy Haldane’s most recent quote is: “At the moment, in monetary policy terms if you like, our foot is pretty much on the floor with the accelerator. Record low policy rate, large stock of quantitative easing, and I don't think the economy needs as much stimulus as that.”. To see more examples Andy Haldane’s views and opinions, check out the section below.
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Andy Haldane quotes

Jun 21 2017

The risks of tightening 'too early' have shrunk as growth and, to lesser extent, inflation have shown greater resilience than expected. And if policy tightened 'too late', this could result in a much steeper path of rate rises later on, contrary to the MPC's collective expectation that Bank rate would increase 'at a gradual pace and to a limited

Jun 21 2017

The first 25 basis-point rise in UK interest rates for 10 years seems like a momentous step. But it would still leave monetary policy highly accommodative by any historical

Jun 21 2017

As the balance point between these risks has shifted over the past 9 months, that has left me judging that a partial withdrawal of the additional policy insurance the MPC put in place last year would be prudent relatively soon, provided the data come in broadly as expected in the period ahead. Certainly, I think such a tightening is likely to be needed well ahead of current market

Mar 31 2017 - Facebook

The ratio of nouns and verbs to adverbs and adjectives in an Elvis song is 3.3. In my speeches it is

Mar 31 2017 - Populism

This is an object lesson in the perils of public polling for policy purposes. Sometimes, there is madness in crowds. For some, it was a shameful example of the perils of populism. Simple words can make a dramatic difference to readability. Inflation and employment' leaves the majority of the public cold. Prices and jobs' warms them up. Facebook posts are more likely to be shared the more frequent nouns and verbs and the less frequent adverbs and

Mar 26 2017 - Populism

Certainly, the productivity puzzle is not something which has emerged since the global financial crisis, though it seems to have amplified pre-existing

Mar 20 2017 - Brexit

So you would hope that both of those features were preserved, ideally enhanced, in a post-Brexit

Mar 20 2017

For a foreign-owned (company), it's twice as productive as domestically run firms. Higher exports, higher productivity - that screams from the

Mar 20 2017

As Olympic athletes have shown, marginal improvements accumulated over time can deliver world-beating performance. Applying those marginal gains to the population of UK companies could significantly improve UK living standards, even if those are harder to measure than gold

Mar 20 2017

A lack of management quality is a plausible candidate explanation for the UK's long tail of [unproductive] companies. There is a statistically significant link between the quality of firms' management processes and practices and their productivity. And the effect is large. Productivity is a gift for rising living standards, perhaps the greatest gift. It is not, however, one that always keeps on giving, as recent events

Jan 06 2017

I think, near-term, the data, the evidence we've been accumulating since the referendum, has surprised to the upside. [There's been] greater resilience, in particular among consumers and among the housing market, than we had expected. Has that led us to fundamentally change our view on the fortunes of the economy looking forward over the next several years? Not

Jan 06 2017

It's a fair cop to say the (economic) profession is to some degree in crisis. I'm not someone who would say that all that's been done in the past is terrible. It's just that the models we had were rather narrow and fragile. The problem came when the world was tipped upside down and those models were ill-equipped to making sense of behaviors that were deeply

Jan 05 2017

You'll have seen and read from our Financial Policy Committee that this is something that they're keeping a close ... eye on. And they are right so to

Jan 05 2017

That will in turn produce something of a squeeze on the spending power of consumers and may lead them to throttle back somewhat in their spending plans. It might not happen, they might choose to run down their savings. But it's possible, indeed I'd say likely that there will be something of a

Aug 14 2016

This is a structural shift in the UK's economic and trading regime, whereas monetary policy can offer no more than a short-term balm for economic uncertainty. The result had thrown up a "dust cloud" of doubt in the economy. More fundamentally, (monetary policy) cannot close other structural faultlines across the UK economy – for example, regional, socio-economic, inter-generational and housing

May 18 2016

They underscore just how far finance still has to travel to regain its social

May 18 2016

So a lack of trust in finance potentially hobbles both economic growth and financial stability. That lack of trust is the mirror-image of the perception gap between the financial sector and wider society, the Great

Nov 11 2015

When lift-off comes will depend importantly on how the fortunes of the economy play out. For now, the vast majority of the Monetary Policy Committee are happy where interest rates

Nov 11 2015

I don't want today to be pinned down on quite when it is (that) rates might move, or even in which

Nov 11 2015

But still underlying strength in the jobs market is there. We still expect inflation-adjusted take-home pay to keep on increasing to underpin the continuing pretty solid recovery we expect to

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